High Yield Fund

LHYAX

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Daily price w/o sales charge as of 09/22/2017

$7.72

$0.00

YTD Returns w/o sales charge as of 09/22/2017

7.16%

Overall Morningstar Ratings

High Yield Bond

as of 08/31/2017

Morningstar rated the Lord Abbett High Yield Fund class A share 5, 5 and 5 stars among 602, 479 and 317 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 8/31/2017, respectively.

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Dividend Yield ¹ as of 09/22/2017

w/o sales charge	5.61%
w/ sales charge	5.49%

30-Day Standardized Yield ² as of 08/31/2017

4.56%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 08/31/2017

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Fund Basicsas of 08/31/2017

Total Net Assets: $6.77 B
Inception Date: 12/31/1998
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 667
CUSIP: 54400N102
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	6.25%	9.12%	5.34%	7.52%	8.13%	7.10%
Lipper Category Avg. High Yield Funds	5.21%	7.46%	3.34%	5.32%	6.39%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	6.09%	8.78%	4.82%	6.50%	7.96%	7.02%
w/ sales charge	3.90%	6.69%	4.56%	7.03%	7.88%	6.97%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	4.85%	12.85%	4.90%	7.96%	7.79%	7.09%
Lipper Category Avg. High Yield Funds	4.13%	10.70%	2.99%	5.69%	6.04%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	4.91%	12.74%	4.49%	6.92%	7.63%	7.02%
w/ sales charge	2.53%	10.24%	4.09%	7.46%	7.54%	6.96%

Fund Expense Ratio :

0.88%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Credit Quality Distribution as of 08/31/2017 View Portfolio

Rating	Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

16 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

26 Years of Industry Experience

Supported By 63 Investment Professionals and 14 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Dividend Yield ¹ as of 09/22/2017

w/o sales charge	5.61%
w/ sales charge	5.49%

30-Day Standardized Yield ² as of 08/31/2017

w/o sales charge

4.56%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	6.25%	9.12%	5.34%	7.52%	8.13%	7.10%
Lipper Category Avg. High Yield Funds	5.21%	7.46%	3.34%	5.32%	6.39%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	6.09%	8.78%	4.82%	6.50%	7.96%	7.02%
w/ sales charge	3.90%	6.69%	4.56%	7.03%	7.88%	6.97%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	4.85%	12.85%	4.90%	7.96%	7.79%	7.09%
Lipper Category Avg. High Yield Funds	4.13%	10.70%	2.99%	5.69%	6.04%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	4.91%	12.74%	4.49%	6.92%	7.63%	7.02%
w/ sales charge	2.53%	10.24%	4.09%	7.46%	7.54%	6.96%

Fund Expense Ratio :

0.88%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Best returns

Durations	Fund Returns	Blended Index

3-Mo	17.32	23.1
1-Yr	54.92	64.19

Worst returns

Durations	Fund Returns	Blended Index

3-Mo	-26.22	-29.38
1-Yr	-27.59	-30.77

Best & Worst returns reflect a cumulative return for the three-month and one-year periods.

Year	Fund Returns	BofA Merrill Lynch U.S. High Yield Constrained Index

2016	15.84%	17.49%
2015	-2.26%	-4.61%
2014	3.46%	2.51%
2013	9.69%	7.41%
2012	16.50%	15.55%
2011	3.15%	4.37%
2010	14.31%	15.07%
2009	50.51%	58.10%
2008	-23.42%	-26.11%
2007	2.43%	2.53%
2006	9.94%	-
2005	1.15%	-
2004	10.42%	-
2003	21.59%	-
2002	-0.10%	-
2001	5.36%	-
2000	-3.01%	-
1999	6.57%	-
1998	0.80%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2017	2.82%	1.98%	-	-	7.19%
2016	2.01%	5.52%	5.46%	2.05%	15.84%
2015	3.05%	0.86%	-4.23%	-1.81%	-2.26%
2014	2.92%	3.38%	-1.83%	-0.95%	3.46%
2013	3.97%	-1.03%	2.51%	3.99%	9.69%
2012	6.63%	0.36%	5.06%	3.61%	16.50%
2011	3.82%	1.07%	-7.02%	5.73%	3.15%
2010	4.93%	-0.92%	6.33%	3.40%	14.31%
2009	5.95%	17.32%	14.23%	6.01%	50.51%
2008	-3.43%	1.99%	-7.81%	-15.68%	-23.42%
2007	2.98%	0.17%	0.48%	-1.17%	2.43%
2006	2.57%	0.01%	2.80%	4.27%	9.94%
2005	-1.74%	1.49%	0.87%	0.56%	1.15%
2004	1.07%	-0.32%	4.34%	5.04%	10.42%
2003	4.06%	8.25%	2.40%	5.41%	21.59%
2002	1.51%	-3.59%	-3.78%	6.10%	-0.10%
2001	5.14%	-1.67%	-3.99%	6.15%	5.36%
2000	-1.66%	0.99%	0.31%	-2.65%	-3.01%
1999	3.43%	-0.11%	-0.81%	3.99%	6.57%
1998	-	-	-	-	0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 07/31/2017

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating	Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 08/31/2017

Rating	Assets
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 06/30/2017

Despite a pullback in June, high yield credit posted positive returns during the second quarter of 2017, driven by higher quality segments of the market.
We continued to reduce an underweight to the health care sector, as a replacement for the Affordable Care Act started to materialize and the sector outperformed during the quarter.
The portfolio’s biggest overweight remains the basic industry sector. Within the sector we continue to favor the building materials and the metals and mining segments, as companies in these sub-sectors are poised to benefit from an improving macro environment and the potential increase in infrastructure spending.
The portfolio remained underweight the energy sector during the quarter, as volatility in oil prices increased in June on supply glut concerns. We view recent weakness in the sector as a potential buying opportunity, as valuations are becoming attractive once again.
As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment-grade bonds, and equities. Select exposures to these sectors offer attractive risk/reward opportunities, potential portfolio diversification benefits and avenues for liquidity.

Portfolio Details as of 08/31/2017

Total Net Assets: $6.77 B
Number of Issues: 667
Average Coupon: 6.75%
Average Maturity: 6.62 Years
Average Effective Duration: 4.13 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

DISH DBS Corp.	7.750%	07/01/2026	1.2%
CSC Holdings LLC	10.875%	10/15/2025	1.2%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	1.0%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.9%
Navient Corp.	5.875%	03/25/2021	0.8%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.8%
HCA, Inc.	5.250%	06/15/2026	0.7%
Tenet Healthcare Corp.	8.125%	04/01/2022	0.7%
ArcelorMittal	6.125%	06/01/2025	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.6%

% of Total Assets			8.5%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

DISH DBS Corp.	7.750%	07/01/2026	1.2%
CSC Holdings LLC	10.875%	10/15/2025	1.1%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.9%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.9%
Navient Corp.	5.875%	03/25/2021	0.9%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.8%
HCA, Inc.	5.250%	06/15/2026	0.7%
Tenet Healthcare Corp.	8.125%	04/01/2022	0.7%
ArcelorMittal	6.125%	06/01/2025	0.6%
MGM Resorts International	6.000%	03/15/2023	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.5%
Sprint Corp.	7.625%	02/15/2025	0.5%
First Data Corp.	5.750%	01/15/2024	0.5%
Netflix, Inc.	5.875%	02/15/2025	0.5%
Equinix, Inc.	5.875%	01/15/2026	0.5%
Sprint Capital Corp.	8.750%	03/15/2032	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	05/01/2027	0.4%
UniCredit S.p.A.	8.000%	06/03/2099	0.4%
Continental Resources, Inc.	3.800%	06/01/2024	0.4%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.4%
Alcoa Nederland Holding BV	6.750%	09/30/2024	0.4%
T-Mobile USA, Inc.	6.836%	04/28/2023	0.4%
Dynegy, Inc.	7.625%	11/01/2024	0.4%
Lloyds Bank plc	12.000%	12/31/2099	0.4%
Nationstar Mortgage LLC / Nationstar Capital Corp.	6.500%	07/01/2021	0.3%
IHeart Communications, Inc.	9.000%	03/01/2021	0.3%
Navient Corp.	6.125%	03/25/2024	0.3%
Intesa Sanpaolo SpA	7.700%	03/17/2099	0.3%
Popular, Inc.	7.000%	07/01/2019	0.3%
Anglo American Capital plc	4.750%	04/10/2027	0.3%
BWAY Holding Co.	7.250%	04/15/2025	0.3%
Qorvo, Inc.	7.000%	12/01/2025	0.3%
Blue Cube Spinco, Inc.	10.000%	10/15/2025	0.3%
GCI, Inc.	6.875%	04/15/2025	0.3%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.3%
Intelsat Jackson Holdings SA	7.250%	10/15/2020	0.3%
Weatherford International Ltd. Bermuda	9.875%	02/15/2024	0.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.3%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.3%
MEG Energy Corp.	7.000%	03/31/2024	0.3%
Cowlitz Tribal Gaming Authority	11.796%	12/04/2020	0.3%
Chemours Co.	7.000%	05/15/2025	0.3%
Centene Corp.	6.125%	02/15/2024	0.3%
Tronox Finance LLC	7.500%	03/15/2022	0.3%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.3%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.3%
Community Health Systems, Inc.	8.000%	11/15/2019	0.3%
Western Digital Corp.	10.500%	04/01/2024	0.3%
BNP Paribas S.A.	6.750%	03/14/2099	0.3%
The Royal Bank of Scotland Group PLC	6.000%	12/19/2023	0.3%
Lundin Mining Corp.	7.875%	11/01/2022	0.3%
Ziggo Secured Finance BV	5.500%	01/15/2027	0.3%
Intesa Sanpaolo SpA	5.710%	01/15/2026	0.3%
Kindred Healthcare, Inc.	8.750%	01/15/2023	0.3%
Pulte Group, Inc.	5.000%	01/15/2027	0.3%
CrownRock L.P./CrownRock Finance, Inc.	7.125%	04/15/2021	0.3%
Boise Cascade Co.	5.625%	09/01/2024	0.3%
Precision Drilling Corp.	5.250%	11/15/2024	0.3%
Ferroglobe PLC / Globe Specialty Metals Inc	9.375%	03/01/2022	0.3%
Community Health Systems, Inc.	6.875%	02/01/2022	0.2%
Clear Channel Worldwide Holdings, Inc.	6.500%	11/15/2022	0.2%
Geo Group, Inc.	6.000%	04/15/2026	0.2%
MSCI, Inc.	5.750%	08/15/2025	0.2%
American Axle & Manufacturing, Inc.	6.500%	04/01/2027	0.2%
Citgo Holding, Inc.	10.750%	02/15/2020	0.2%
Telecom Italia Capital S.A.	6.375%	11/15/2033	0.2%
Seven Generations Energy Ltd.	6.875%	06/30/2023	0.2%
Concho Resources, Inc.	5.500%	04/01/2023	0.2%
Building Materials Corp. of America	6.000%	10/15/2025	0.2%
PetSmart, Inc.	4.230%	03/11/2022	0.2%
Scientific Games International, Inc.	10.000%	12/01/2022	0.2%
Kinross Gold Corp.	5.950%	03/15/2024	0.2%
The Royal Bank of Scotland Group PLC	6.100%	06/10/2023	0.2%
CMA CGM SA	6.500%	07/15/2022	0.2%
Unitymedia Hessen GmbH & Co KG	5.000%	01/15/2025	0.2%
CommScope Technologies LLC	5.000%	03/15/2027	0.2%
Range Resources Corp.	4.875%	05/15/2025	0.2%
HCA, Inc.	8.360%	04/15/2024	0.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp	9.750%	06/01/2022	0.2%
Intelsat Connect Finance SA	12.500%	04/01/2022	0.2%
HCA, Inc.	5.875%	03/15/2022	0.2%
Hema Bondco II BV	8.500%	01/15/2023	0.2%
Kernel Holding SA	8.750%	01/31/2022	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
General Cable Corp.	5.750%	10/01/2022	0.2%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.2%
Radian Group, Inc.	7.000%	03/15/2021	0.2%
Rite Aid Corp.	6.125%	04/01/2023	0.2%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic	7.875%	12/15/2024	0.2%
Sprint Corp.	7.875%	09/15/2023	0.2%
SESI LLC	7.125%	12/15/2021	0.2%
TI Group Automotive Systems LLC	8.750%	07/15/2023	0.2%
MGIC Investment Corp.	5.750%	08/15/2023	0.2%
Cablevision Systems Corp.	5.875%	09/15/2022	0.2%
Solera Finance, Inc.	10.500%	03/01/2024	0.2%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.2%
The Royal Bank of Scotland Group PLC	8.625%	09/30/2099	0.2%
Turkiye Garanti Bankasi AS	6.125%	05/24/2027	0.2%
WPX Energy, Inc.	5.250%	09/15/2024	0.2%
Kosmos Energy Ltd.	7.875%	08/01/2021	0.2%
Oasis Petroleum, Inc.	6.875%	03/15/2022	0.2%
Container Store	4.546%	04/06/2019	0.2%
Midcontinent Communications & Midcontinent Finance	6.875%	08/15/2023	0.2%
Norbord, Inc.	6.250%	04/15/2023	0.2%
Cogent Communications Group, Inc.	5.375%	03/01/2022	0.2%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.2%
Marble II Pte Ltd.	5.300%	06/20/2022	0.2%
Rain CII Carbon LLC	7.250%	04/01/2025	0.2%
Navient Corp.	6.750%	06/25/2025	0.2%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.2%
Aleris International, Inc.	9.500%	04/01/2021	0.2%
APX Group, Inc.	7.625%	09/01/2023	0.2%
Standard Chartered plc	7.500%	04/02/2099	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
Sri Lanka (Democratic Socialist Republic of)	6.200%	05/11/2027	0.2%
Diamondback Energy, Inc.	4.750%	11/01/2024	0.2%
Monitronics International, Inc.	9.125%	04/01/2020	0.2%
Sprint Corp.	7.125%	06/15/2024	0.2%
Southwestern Energy Co.	6.700%	01/23/2025	0.2%
The Royal Bank of Scotland Group PLC	7.500%	09/30/2099	0.2%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.2%
Building Materials Corp. of America	5.375%	11/15/2024	0.2%
Versum Materials, Inc.	5.500%	09/30/2024	0.2%
Latam Finance Ltd.	6.875%	04/11/2024	0.2%
Nabors Industries Ltd.	5.500%	01/15/2023	0.2%
MasTec, Inc.	4.875%	03/15/2023	0.2%
YRC Worldwide Inc.	9.760%	07/13/2022	0.2%
Louisiana-Pacific Corp.	4.875%	09/15/2024	0.2%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.2%
Block Communications, Inc.	6.875%	02/15/2025	0.2%
Ashland, Inc.	6.875%	05/15/2043	0.2%
Petrobras Global Finance BV	5.625%	05/20/2043	0.2%
James Hardie International Finance Ltd.	5.875%	02/15/2023	0.2%
ING Groep NV	6.875%	04/16/2099	0.2%
Carrizo Oil & Gas, Inc.	6.250%	04/15/2023	0.2%
Numericable Group S.A.	6.000%	05/15/2022	0.2%
Gates Global LLC	6.000%	07/15/2022	0.2%
Univision Communications, Inc.	5.125%	02/15/2025	0.2%
Novelis Corp.	5.875%	09/30/2026	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
HCA, Inc.	5.250%	04/15/2025	0.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.875%	02/15/2021	0.2%
UPCB Finance Ltd.	5.375%	01/15/2025	0.2%
Cosan Luxembourg SA	7.000%	01/20/2027	0.2%
Hilton Grand Vacations Borrower LLC/Hilton Grand V	6.125%	12/01/2024	0.2%
HCA, Inc.	7.500%	12/15/2023	0.2%
CDW Corp.	5.500%	12/01/2024	0.2%
Seven Generations Energy Ltd.	6.750%	05/01/2023	0.2%
LTF Merger Sub, Inc.	8.500%	06/15/2023	0.2%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.2%
Salem Communications Corp.	6.750%	06/01/2024	0.2%
Britax Childcare	4.796%	10/15/2020	0.2%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.2%
Belo Corp.	7.250%	09/15/2027	0.2%
ESH Hospitality, Inc.	5.250%	05/01/2025	0.2%
Baffinland Iron Mines, Corp.	12.000%	02/01/2022	0.2%
Hot Topic, Inc.	9.250%	06/15/2021	0.2%
Beazer Homes USA, Inc.	8.750%	03/15/2022	0.2%
Exterran Energy Solutions L.P. / EES Finance Corp.	8.125%	05/01/2025	0.2%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
RegionalCare Hospital Partners Holdings Inc	8.250%	05/01/2023	0.2%
CMA CGM SA	7.750%	01/15/2021	0.2%
Callon Petroleum Co.	6.125%	10/01/2024	0.2%
Trinseo Materials Operating SCA	6.750%	05/01/2022	0.2%
Masonite International Corp.	5.625%	03/15/2023	0.2%
Jones Energy Holdings LLC	6.750%	04/01/2022	0.2%
Zodiac Pool Solutions	10.296%	12/20/2024	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
Continental Resources, Inc.	4.500%	04/15/2023	0.2%
Adient Global Holdings Ltd.	4.875%	08/15/2026	0.2%
SPCM S.A.	4.875%	09/15/2025	0.2%
HCA, Inc.	5.500%	06/15/2047	0.2%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.2%
Royal Caribbean Cruises Ltd.	7.500%	10/15/2027	0.2%
WPX Energy, Inc.	6.000%	01/15/2022	0.2%
TRI Pointe Homes LLC	5.250%	06/01/2027	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
ASP AMC Merger Sub, Inc.	8.000%	05/15/2025	0.2%
Rockies Express Pipeline LLC	5.625%	04/15/2020	0.2%
EMI Music Publishing Group North America Holdings	7.625%	06/15/2024	0.2%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.2%
New Gold, Inc.	6.250%	11/15/2022	0.2%
Community Health Systems, Inc.	6.250%	03/31/2023	0.2%
Ensco plc	5.200%	03/15/2025	0.2%
Energy Transfer Equity L.P.	5.500%	06/01/2027	0.2%
US Concrete, Inc.	6.375%	06/01/2024	0.2%
Bill Barrett Corp.	7.000%	10/15/2022	0.2%
Wynn Las Vegas LLC	5.500%	03/01/2025	0.2%
WESCO Distribution, Inc.	5.375%	06/15/2024	0.2%
Teck Resources Ltd.	8.500%	06/01/2024	0.2%
CEVA Group plc	7.000%	03/01/2021	0.2%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.2%
Altice Financing S.A.	6.625%	02/15/2023	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
AECOM	5.125%	03/15/2027	0.2%
Olin Corp.	5.125%	09/15/2027	0.2%
Rent-A-Center, Inc.	4.750%	05/01/2021	0.2%
Stonegate Pub Company Financing PLC	4.875%	03/15/2022	0.2%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.2%
Weatherford International Ltd. Bermuda	7.750%	06/15/2021	0.2%
Con-way, Inc.	6.700%	05/01/2034	0.2%
UFC Holdings LLC	8.727%	08/03/2024	0.2%
Wendy's International, Inc.	7.000%	12/15/2025	0.2%
JD Power & Associates	9.500%	06/09/2024	0.2%
Townsquare Media, Inc.	6.500%	04/01/2023	0.2%
K. Hovnanian Enterprises, Inc.	10.000%	07/15/2022	0.2%
Intelsat Jackson Holdings SA	7.500%	04/01/2021	0.2%
VTR Finance B.V.	6.875%	01/15/2024	0.2%
Dutch Lion BV	11.250%	06/15/2020	0.2%
Central Garden & Pet Co.	6.125%	11/15/2023	0.2%
GrafTech International Ltd.	6.375%	11/15/2020	0.2%
Valeant Pharmaceuticals International	6.375%	10/15/2020	0.2%
Pactiv Corp.	7.950%	12/15/2025	0.2%
Sanchez Energy Corp.	6.125%	01/15/2023	0.2%
Allison Transmission, Inc.	5.000%	10/01/2024	0.2%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc	6.750%	06/15/2022	0.2%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.2%
SM Energy Co.	6.500%	01/01/2023	0.2%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.2%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.2%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.2%
Sable International Finance Ltd.	6.875%	08/01/2022	0.2%
Air Medical Group Holdings, Inc.	6.375%	05/15/2023	0.2%
Gol LuxCo SA	8.875%	01/24/2022	0.2%
Ihs Netherlands Holdco BV	9.500%	10/27/2021	0.2%
Post Holdings, Inc.	5.750%	03/01/2027	0.2%
International Game Technology plc	6.500%	02/15/2025	0.2%
Almonde, Inc.	8.459%	06/13/2025	0.1%
TerraForm Power Operating LLC	6.375%	02/01/2023	0.1%
BankUnited, Inc.	4.875%	11/17/2025	0.1%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.1%
Century Communities, Inc.	5.875%	07/15/2025	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
Weight Watchers International, Inc.	4.525%	04/02/2020	0.1%
New Home Co, Inc./The	7.250%	04/01/2022	0.1%
USG Corp.	5.500%	03/01/2025	0.1%
Watco Cos. LLC / Watco Finance Corp.	6.375%	04/01/2023	0.1%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.1%
BMC East LLC	5.500%	10/01/2024	0.1%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.1%
Delhi International Airport Pvt Ltd	6.125%	10/31/2026	0.1%
Deck Chassis Acquisition, Inc.	10.000%	06/15/2023	0.1%
Sotheby's	5.250%	10/01/2022	0.1%
Eldorado Resorts, Inc.	7.000%	08/01/2023	0.1%
Anglo American Capital plc	4.875%	05/14/2025	0.1%
TPC Group, Inc.	8.750%	12/15/2020	0.1%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.1%
Sealed Air Corp.	6.875%	07/15/2033	0.1%
Sandy Creek Energy Associates	5.000%	11/09/2020	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
Energy Transfer Equity L.P.	5.875%	01/15/2024	0.1%
Cinemark USA, Inc.	4.875%	06/01/2023	0.1%
Hawaiian Airlines Class B Pass Through Certificate	4.950%	01/15/2022	0.1%
High Ridge Brands Co.	8.875%	03/15/2025	0.1%
Turkiye Garanti Bankasi AS	5.250%	09/13/2022	0.1%
Air Canada	7.750%	04/15/2021	0.1%
Bluescope Steel Ltd. / Bluescope Steel Finance	6.500%	05/15/2021	0.1%
Century Aluminum Co.	0.000%	-	0.1%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.1%
AMC Networks, Inc.	5.000%	04/01/2024	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
Energen Corp.	4.625%	09/01/2021	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
Lennar Corp.	4.500%	04/30/2024	0.1%
FGI Operating Co. LLC / FGI Finance, Inc.	7.875%	05/01/2020	0.1%
VeriSign, Inc.	5.250%	04/01/2025	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
American Energy-Permian Basin LLC	13.000%	11/30/2020	0.1%
YPF S.A.	6.950%	07/21/2027	0.1%
AMC Networks, Inc.	4.750%	12/15/2022	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.1%
Navios Maritime Acq Corp./Fin US Inc.	8.125%	11/15/2021	0.1%
Eldorado Intl. Finance GmbH	8.625%	06/16/2021	0.1%
Central American Bottling Corp.	5.750%	01/31/2027	0.1%
MHP S.A.	8.250%	04/02/2020	0.1%
Parsley Energy LLC	6.250%	06/01/2024	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.1%
Consol Energy, Inc.	5.875%	04/15/2022	0.1%
Grupo Cementos de Chihuahua SAB de CV	5.250%	06/23/2024	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.1%
Zayo Group LLC	6.000%	04/01/2023	0.1%
Arcor	6.000%	07/06/2023	0.1%
Hill-Rom Holdings, Inc.	5.750%	09/01/2023	0.1%
T-Mobile USA, Inc.	6.375%	03/01/2025	0.1%
KINGPIN INTERMEDIATE HO	5.480%	06/29/2024	0.1%
AMC Entertainment Holdings, Inc.	6.125%	05/15/2027	0.1%
Pulte Group, Inc.	6.375%	05/15/2033	0.1%
Delek Logistics Partners L,P.	6.750%	05/15/2025	0.1%
Antero Midstream Partners L.P. / Antero Midstream	5.375%	09/15/2024	0.1%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.1%
Alliance Resource Operating Partners LP / Alliance	7.500%	05/01/2025	0.1%
Manitowoc Foodservice, Inc.	9.500%	02/15/2024	0.1%
Williams Cos., Inc.	3.700%	01/15/2023	0.1%
Werner FinCo LP / Werner FinCo Inc	8.750%	07/15/2025	0.1%
Sanchez Energy Corp.	7.750%	06/15/2021	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.1%
SBA Communications Corp.	4.875%	09/01/2024	0.1%
PTC, Inc.	6.000%	05/15/2024	0.1%
Caesars Entertainment Operating Co., Inc.	0.000%	12/15/2018	0.1%
Freeport-McMoRan, Inc.	3.550%	03/01/2022	0.1%
Apex Tool Group LLC	7.000%	02/01/2021	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
Carrizo Oil & Gas, Inc.	8.250%	07/15/2025	0.1%
Rivers Pittsburgh Borrower L.P./Rivers Pittsburgh	6.125%	08/15/2021	0.1%
Stena AB	7.000%	02/01/2024	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
Meritage Homes Corp.	5.125%	06/06/2027	0.1%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
Ivanhoe Mines Ltd.	0.000%	-	0.1%
Yum! Brands, Inc.	5.350%	11/01/2043	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.1%
PDC Energy, Inc.	7.750%	10/15/2022	0.1%
Hexion, Inc.	6.625%	04/15/2020	0.1%
Hilton Domestic Operating Co, Inc.	4.250%	09/01/2024	0.1%
First Quantum Minerals Ltd.	7.250%	04/01/2023	0.1%
Rackspace Hosting, Inc.	8.625%	11/15/2024	0.1%
Eletson Holdings, Inc.	9.625%	01/15/2022	0.1%
Inmarsat Finance plc	6.500%	10/01/2024	0.1%
UC Holdings	0.000%	-	0.1%
Sophia LP / Sophia Finance, Inc.	9.000%	09/30/2023	0.1%
HudBay Minerals, Inc.	0.000%	-	0.1%
Holly Energy Partners L.P. / Holly Energy Finance	6.000%	08/01/2024	0.1%
Consol Energy, Inc.	8.000%	04/01/2023	0.1%
Province of Neuquen	8.625%	05/12/2028	0.1%
GW Honos Security Corp.	8.750%	05/15/2025	0.1%
Southern Graphics Systems, Inc.	8.375%	10/15/2020	0.1%
UAL Corp.	6.000%	12/01/2020	0.1%
First Cash Financial Services, Inc.	5.375%	06/01/2024	0.1%
Neenah Paper, Inc.	5.250%	05/15/2021	0.1%
Teleflex, Inc.	4.875%	06/01/2026	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2023	0.1%
Lamar Media Corp.	5.750%	02/01/2026	0.1%
Abe Investment Holdings, Inc./Getty Images, Inc.	7.000%	10/15/2020	0.1%
Williams Cos., Inc.	4.550%	06/24/2024	0.1%
BakerCorp International, Inc.	8.250%	06/01/2019	0.1%
Nintendo Co., Ltd.	0.000%	-	0.1%
Carrols Restaurant Group, Inc.	8.000%	05/01/2022	0.1%
Summit Materials LLC	5.125%	06/01/2025	0.1%
EW Scripps Co.	5.125%	05/15/2025	0.1%
Matador Resources Co.	6.875%	04/15/2023	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
Hapag-Lloyd AG	6.750%	02/01/2022	0.1%
Scientific Games Corp.	0.000%	-	0.1%
Intelsat Jackson Holdings SA	8.000%	02/15/2024	0.1%
Arcos Dorados Holdings, Inc.	5.875%	04/04/2027	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.1%
Algeco Scotsman Global Finance PLC	10.750%	10/15/2019	0.1%
24 Hour Fitness Worldwide, Inc.	8.000%	06/01/2022	0.1%
Carlson Travel, Inc.	9.500%	12/15/2024	0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu	8.625%	06/01/2021	0.1%
Gibson Brands, Inc.	8.875%	08/01/2018	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
CURO Financial Technologies Corp	12.000%	03/01/2022	0.1%
Viking Cruises Ltd.	6.250%	05/15/2025	0.1%
Chesapeake Energy Corp.	6.625%	08/15/2020	0.1%
ADT Corp.	4.875%	07/15/2032	0.1%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc	6.000%	07/15/2025	0.1%
AK Steel Corp.	7.000%	03/15/2027	0.1%
Press Ganey Holdings, Inc.	8.484%	09/28/2024	0.1%
CIT Group, Inc.	5.800%	12/31/2099	0.1%
Cedar Fair L.P. / Canada's Wonderland Co. / Magnum	5.375%	04/15/2027	0.1%
Enogex LLC	6.250%	03/15/2020	0.1%
Laureate Education, Inc.	8.250%	05/01/2025	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
Viva Alamo LLC	5.452%	02/22/2021	0.1%
Denbury Resources, Inc.	5.500%	05/01/2022	0.1%
Blue Racer Midstream LLC	6.125%	11/15/2022	0.1%
BlueLine Rental Finance Corp. / BlueLine Rental LL	9.250%	03/15/2024	0.1%
McGraw-Hill Cos., Inc.	0.000%	-	0.1%
Cedar Fair L.P.	5.375%	06/01/2024	0.1%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.1%
Akbank TAS	7.200%	03/16/2027	0.1%
Redfin Corp	0.000%	-	0.1%
Peabody Energy Corp.	6.375%	03/31/2025	0.1%
York Risk Services Holding Corp	8.500%	10/01/2022	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Gigamon, Inc.	0.000%	-	0.1%
Tesoro Logistics L.P.	5.250%	01/15/2025	0.1%
Golar LNG Partners L.P.	7.432%	05/15/2021	0.1%
Ctrip.com International Ltd.	1.250%	09/15/2022	0.1%
AV Homes, Inc.	6.625%	05/15/2022	0.1%
Vistra Energy Corp	0.000%	-	0.1%
MSCI, Inc.	0.000%	-	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.1%
Columbus International, Inc.	7.375%	03/30/2021	0.1%
ClubCorp Club Operations, Inc.	8.250%	12/15/2023	0.1%
Imperial Metals Corp.	7.000%	03/15/2019	0.1%
Potlatch Corp.	0.000%	-	0.1%
AMC Networks, Inc.	4.750%	08/01/2025	0.1%
Coeur Mining, Inc.	5.875%	06/01/2024	0.1%
Ingles Markets, Inc.	5.750%	06/15/2023	0.1%
Tempur Sealy International, Inc.	5.500%	06/15/2026	0.1%
Senegal Goverment International Bond	6.250%	05/23/2033	0.1%
Peak 10 Holding Corp	8.553%	07/24/2025	0.1%
American Tower Corp.	0.000%	02/15/2018	0.1%
Panda Temple Power LLC	7.296%	04/03/2019	0.1%
Conn's, Inc.	7.250%	07/15/2022	0.1%
Exelixis, Inc.	0.000%	-	0.1%
Murphy Oil USA, Inc.	6.000%	08/15/2023	0.1%
TimkenSteel Corp.	0.000%	-	0.1%
Halcon Resources Corp.	6.750%	02/15/2025	0.1%
Enova International, Inc.	9.750%	06/01/2021	0.1%
Jonah Energy	7.734%	05/12/2021	0.1%
Numericable Group S.A.	7.375%	05/01/2026	0.1%
Provident Funding Associates L.P. / PFG Finance Co	6.375%	06/15/2025	0.1%
Hill-Rom Holdings, Inc.	5.000%	02/15/2025	0.1%
LifePoint Hospitals, Inc.	5.375%	05/01/2024	0.1%
Cummins, Inc.	0.000%	-	0.1%
Take-Two Interactive Software, Inc.	1.000%	07/01/2018	0.1%
New Albertson's, Inc.	7.450%	08/01/2029	0.1%
Capex SA	6.875%	05/15/2024	0.1%
Eldorado Resorts, Inc.	0.000%	-	0.1%
SunPower Corp.	4.000%	01/15/2023	0.1%
NCI Building Systems, Inc.	8.250%	01/15/2023	0.1%
Team Health Holdings, Inc.	6.375%	02/01/2025	0.1%
Freshpet, Inc.	0.000%	-	0.1%
Micron Technology, Inc.	5.250%	01/15/2024	0.1%
EP Energy LLC	8.000%	11/29/2024	0.1%
SMU S.A.	7.750%	02/08/2020	0.1%
Midas Intermediate Holdco II LLC / Midas Intermedi	7.875%	10/01/2022	0.1%
Trade Desk, Inc./The	0.000%	-	0.1%
Canada Goose Holdings Inc	0.000%	-	0.1%
Provincia de Buenos Aires, Argentina	6.500%	02/15/2023	0.1%
Sterigenics-Nordion Holdings LLC	6.500%	05/15/2023	0.1%
Viacom, Inc.	6.250%	02/28/2057	0.1%
Hearthside Group Holdings LLC	6.500%	05/01/2022	0.1%
Navios South American Logistics Inc / Navios Logis	7.250%	05/01/2022	0.1%
HudBay Minerals, Inc.	7.250%	01/15/2023	0.1%
Planet Fitness, Inc.	0.000%	-	0.1%
Infinity Acquisition LLC	7.250%	08/01/2022	0.1%
Bob's Discount Furniture	5.984%	02/12/2021	0.1%
Ferrari NV	0.000%	-	0.1%
PetMed Express, Inc.	0.000%	-	0.1%
WEX, Inc.	4.750%	02/01/2023	0.1%
MDC Holdings, Inc.	6.000%	01/15/2043	0.1%
Comcel Trust	6.875%	02/06/2024	0.1%
Speedway Motorsports, Inc.	5.125%	02/01/2023	0.1%
Novellus Systems, Inc.	2.625%	05/15/2041	0.1%
Live Nation Entertainment, Inc.	2.500%	05/15/2019	0.1%
First Data Corp.	0.000%	-	0.1%
Sotheby's	0.000%	-	0.1%
PNK Entertainment, Inc.	5.625%	05/01/2024	0.1%
Colorado Buyer, Inc.	8.420%	05/01/2025	0.1%
Trimble Navigation Ltd.	0.000%	-	0.1%
Align Technology, Inc.	0.000%	-	0.1%
Chesapeake Energy Corp.	4.875%	04/15/2022	0.1%
CD&R Waterworks Merger Sub LLC	6.125%	08/15/2025	0.1%
Tyler Technologies, Inc.	0.000%	-	0.1%
GTH Finance BV	7.250%	04/26/2023	0.1%
EXTENDED STAY AMER INC	0.000%	-	0.1%
FBM Finance, Inc.	8.250%	08/15/2021	0.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.750%	08/01/2025	0.1%
Unit Corp.	6.625%	05/15/2021	0.1%
Macquarie Bank Ltd./London	6.125%	09/08/2099	0.1%
WMG Acquisition Corp.	5.000%	08/01/2023	0.1%
Micron Technology, Inc.	5.250%	08/01/2023	0.1%
Red Hat, Inc.	0.250%	10/01/2019	0.1%
Chester Downs and Marina, L.L.C.	9.250%	02/01/2020	0.1%
Tennant Co.	5.625%	05/01/2025	0.1%
Barminco Finance Pty Ltd.	6.625%	05/15/2022	0.1%
Arcelik AS	5.000%	04/03/2023	0.1%
Buenos Aires, Argentina	7.500%	06/01/2027	0.1%
Nexteer Automotive Group Ltd.	5.875%	11/15/2021	0.1%
Walker & Dunlop, Inc.	0.000%	-	0.1%
Remy Cointreau S.A.	0.000%	-	0.1%
Clovis Oncology, Inc.	2.500%	09/15/2021	0.1%
CSL Capital, LLC	6.000%	04/15/2023	0.1%
DPL, Inc.	7.250%	10/15/2021	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
The Royal Bank of Scotland Group PLC	5.125%	05/28/2024	0.1%
Black Hills Corp.	0.000%	11/01/2018	0.1%
Freedom Mtg Corp.	6.862%	02/23/2022	0.1%
Numericable Group S.A.	6.250%	05/15/2024	0.1%
Huntington Ingalls Industries, Inc.	5.000%	11/15/2025	0.1%
Asurion LLC	7.304%	07/14/2025	0.1%
Silgan Holdings, Inc.	4.750%	03/15/2025	0.1%
Raven Industries, Inc.	0.000%	-	0.1%
Loxo Oncology Inc	0.000%	-	0.1%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.1%
Titan International, Inc.	6.875%	10/01/2020	0.1%
Camelot Finance SA	7.875%	10/15/2024	0.1%
AMC Entertainment Holdings, Inc.	5.875%	11/15/2026	0.1%
Fiat Chrysler Automobiles N.V.	5.250%	04/15/2023	0.1%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.1%
NANA Development Corp.	9.500%	03/15/2019	0.1%
Navios Maritime Partners LP	6.250%	09/14/2020	0.1%
KeHE Distributors LLC / KeHE Finance Corp.	7.625%	08/15/2021	0.1%
Newfield Exploration Co.	5.750%	01/30/2022	0.1%
Teladoc, Inc.	3.000%	12/15/2022	0.1%
Micron Technology, Inc.	7.500%	09/15/2023	0.1%
Starwood Property Trust, Inc.	5.000%	12/15/2021	0.1%
Pattern Energy Group, Inc.	4.000%	07/15/2020	0.1%
Energizer Holdings, Inc.	5.500%	06/15/2025	0.1%
Virgin Media Finance plc	6.000%	10/15/2024	0.1%
Blueprint Medicines Corp.	0.000%	-	0.1%
Insulet Corp.	1.250%	09/15/2021	0.1%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.1%
CIMPOR Financial Operations BV	5.750%	07/17/2024	0.1%
LBC Tank Terminals Holding Netherlands BV	6.875%	05/15/2023	0.1%
American Builders & Contractors Supply Co., Inc.	5.750%	12/15/2023	0.1%
Scotts Miracle-Gro Co.	6.000%	10/15/2023	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
KB Home	0.000%	-	0.1%
AECOM	5.875%	10/15/2024	0.1%
Samarco Mineracao S.A.	4.125%	11/01/2022	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
Altice Finco S.A.	8.125%	01/15/2024	0.1%
Zenith Bank plc	6.250%	04/22/2019	0.1%
PFS Holding Corporation	8.416%	01/31/2022	0.1%
Chief Exploration & Dev LLC	7.932%	05/16/2021	0.1%
Hexion, Inc.	10.375%	02/01/2022	0.1%
Jo-Ann Stores Holdings, Inc.	9.750%	10/15/2019	0.1%
Moxie Liberty LLC	7.796%	08/21/2020	0.1%
Caesars Entertainment Operating Co., Inc.	1.500%	06/01/2018	0.1%
Sage Therapeutics, Inc.	0.000%	-	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Hecla Mining Co.	6.875%	05/01/2021	0.1%
ATS Automation Tooling Systems, Inc.	6.500%	06/15/2023	0.1%
Province of Neuquen	7.500%	04/27/2025	0.1%
Hyland Software, Inc.	8.234%	07/07/2025	0.1%
Chaparral Energy, Inc.	0.000%	-	0.1%
Tesla Motors, Inc.	2.375%	03/15/2022	0.1%
Koppers, Inc.	6.000%	02/15/2025	0.1%
Vertex Pharmaceuticals, Inc.	0.000%	-	0.1%
NEFF Corp.	7.664%	06/09/2021	0.1%
Beazer Homes USA, Inc.	6.750%	03/15/2025	0.1%
Williams Cos., Inc.	5.750%	06/24/2044	0.1%
American Axle & Manufacturing, Inc.	6.250%	04/01/2025	0.1%
Valvoline, Inc.	5.500%	07/15/2024	0.1%
EnerSys	5.000%	04/30/2023	0.1%
United States Steel Corp.	8.375%	07/01/2021	0.1%
Cable One, Inc.	5.750%	06/15/2022	0.1%
National Veterinary Associates	8.296%	08/14/2022	0.1%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.1%
Summit Materials LLC	6.125%	07/15/2023	0.1%
Cablevision SA/Argentina	6.500%	06/15/2021	0.1%
Builders FirstSource, Inc.	5.625%	09/01/2024	0.1%
Acadia Healthcare Co., Inc.	5.625%	02/15/2023	0.1%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.1%
Nielsen Finance LLC / Nielsen Finance Co.	5.000%	04/15/2022	0.1%
Steel Dynamics, Inc.	5.500%	10/01/2024	0.1%
CH Hold Corp.	8.484%	02/03/2025	0.1%
Genoa Healthcare Hldgs LLC	9.000%	10/27/2024	0.1%
CommScope Technologies LLC	6.000%	06/15/2025	0.1%
International Automotive Components Group S.A.	9.125%	06/01/2018	0.1%
Mobile Mini, Inc.	5.875%	07/01/2024	0.1%
Kraton Polymers LLC/Capital Corp.	10.500%	04/15/2023	0.1%
KINGPIN INTERMEDIATE HO	9.980%	07/03/2025	0.1%
Eldorado Gold Corp.	6.125%	12/15/2020	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
Equinox Fitness Club	8.226%	09/06/2024	0.1%
SPX FLOW, Inc.	5.625%	08/15/2024	0.1%
Carmike Cinemas, Inc.	6.000%	06/15/2023	0.1%
Southern States Cooperative, Inc.	10.000%	08/15/2021	0.1%
California Resources Corp.	11.375%	12/31/2021	0.1%
Capital Automotive L.P.	7.240%	03/24/2025	0.1%
JMC Steel Group	9.875%	06/15/2023	0.1%
Tops Holding LLC / Tops Markets II Corp.	8.000%	06/15/2022	0.1%
HCA, Inc.	7.500%	02/15/2022	0.1%
Oxbow Carbon & Mineral	8.234%	01/17/2020	0.1%
GCP Applied Technologies, Inc.	9.500%	02/01/2023	0.1%
Prestige Brands, Inc.	6.375%	03/01/2024	0.1%
Netflix, Inc.	4.375%	11/15/2026	0.1%
EIF Channelview Cogeneration, LLC (fka GIM Channel	4.484%	05/08/2020	0.1%
Arcos Dorados Holdings, Inc.	6.625%	09/27/2023	0.1%
AssuredPartners Inc	7.000%	08/15/2025	0.1%
FTS International, Inc.	6.250%	05/01/2022	0.1%
Surgery Center Holdings, Inc.	8.875%	04/15/2021	0.1%
Venator Finance Sarl / Venator Materials Corp	5.750%	07/15/2025	0.1%
Navios Maritime Holdings, Inc. / Navios Maritime F	7.375%	01/15/2022	0.1%
Air Canada 2015-2 Class B Pass Through Trust	5.000%	12/15/2023	0.1%
Seminole Hard Rock Entertainment, Inc. / Seminole	5.875%	05/15/2021	0.1%
Banco de Galicia y Buenos Aires	8.250%	07/19/2026	0.1%
M/I Homes, Inc.	5.625%	08/01/2025	0.1%
Altice Financing S.A.	7.500%	05/15/2026	0.1%
Carlson Travel, Inc.	6.750%	12/15/2023	0.1%
Equinix, Inc.	5.375%	04/01/2023	0.1%
Rain CII Carbon LLC	8.250%	01/15/2021	0.1%
Allegion plc	5.875%	09/15/2023	0.1%
Boyd Gaming Corp.	6.875%	05/15/2023	0.1%
Brookfield Residential Properties Inc / Brookfield	6.125%	07/01/2022	0.1%
Bumble Bee Holdco S.C.A/Inc.	9.625%	03/15/2018	0.1%
Century Aluminum Co.	7.500%	06/01/2021	0.1%
Ultra Resources, Inc.	6.875%	04/15/2022	0.1%
Grupo Idesa S.A. de C.V.	7.875%	12/18/2020	0.1%
Beacon Roofing Supply, Inc.	6.375%	10/01/2023	0.1%
Centene Corp.	4.750%	01/15/2025	0.1%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.1%
HudBay Minerals, Inc.	7.625%	01/15/2025	0.1%
Builders FirstSource, Inc.	10.750%	08/15/2023	0.1%
AES Red Oak LLC	9.200%	11/30/2029	0.1%
OSG Bulk Ships, Inc.	5.430%	08/05/2019	0.1%
Rite Aid Corp.	7.700%	02/15/2027	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.375%	04/15/2026	0.1%
Murphy Oil USA, Inc.	5.625%	05/01/2027	0.1%
TKC Holdings, Inc.	9.234%	02/01/2024	0.1%
Hardwoods Acquisition, Inc.	7.500%	08/01/2021	0.1%
Precision Drilling Corp.	6.500%	12/15/2021	0.1%
Navient Corp.	6.625%	07/26/2021	0.1%
PetSmart, Inc.	7.125%	03/15/2023	0.1%
Eagle Holding Co. II LLC	7.625%	05/15/2022	0.1%
Kinross Gold Corp.	5.125%	09/01/2021	0.1%
Rain CII Carbon LLC	8.500%	01/15/2021	0.1%
CIBT Solutions, Inc.	9.210%	06/01/2025	0.1%
NRG Yield Operating LLC	5.000%	09/15/2026	0.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)	10.296%	11/26/2021	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
Valeant Pharmaceuticals International, Inc.	6.500%	03/15/2022	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
Tesoro Logistics L.P.	6.250%	10/15/2022	0.1%
Dole Food Co., Inc.	7.250%	06/15/2025	0.1%
Belk, Inc.	6.054%	12/12/2022	0.1%
inVentiv Group Holdings/inVentiv Health Inc/inVent	7.500%	10/01/2024	0.1%
MHP S.A.	7.750%	05/10/2024	0.1%
Chemours Co.	5.375%	05/15/2027	0.1%
Surgery Center Holdings, Inc.	6.750%	07/01/2025	0.1%
Ultra Resources, Inc.	7.125%	04/15/2025	0.1%
Panda Temple Power LLC	7.250%	03/06/2022	0.1%
Shingle Springs Tribal Gaming Auth	9.750%	09/01/2021	0.1%
New Albertson's, Inc.	7.750%	06/15/2026	0.1%
Longview Power	7.000%	03/25/2021	0.1%
Unitymedia GmbH	6.125%	01/15/2025	0.1%
Chassix, Inc.	12.000%	07/29/2019	0.1%
Getty Images, Inc.	4.796%	10/18/2019	0.1%
CDW Corp.	5.000%	09/01/2023	0.1%
Banco Mercantil del Norte SA/Grand Cayman	7.625%	10/06/2099	0.1%
Playa Hotels & Resorts NV	0.000%	-	0.1%
Aerovironment, Inc.	0.000%	-	0.1%
K. Hovnanian Enterprises, Inc.	8.000%	11/01/2019	0.1%
Fresh Market, Inc.	9.750%	05/01/2023	0.1%
Flagstar Bancorp, Inc.	0.000%	-	0.1%
United Rentals, Inc.	5.875%	09/15/2026	0.1%
Zenith Bank plc	7.375%	05/30/2022	0.1%
Malibu Boats, Inc.	0.000%	-	0.1%
Kratos Defense & Security Solutions Inc	0.000%	-	0.1%
Telecom Italia Capital S.A.	7.721%	06/04/2038	0.0%
Shake Shack, Inc.	0.000%	-	0.0%
United Rentals, Inc.	6.125%	06/15/2023	0.0%
VeriSign, Inc.	4.625%	05/01/2023	0.0%
Trivago NV	0.000%	-	0.0%
William Lyon Homes	0.000%	12/01/2017	0.0%
Orazul Energy Egenor S en C por A	5.625%	04/28/2027	0.0%
Caesars Entertainment Operating Co., Inc.	10.000%	12/15/2018	0.0%
PDC Energy, Inc.	6.125%	09/15/2024	0.0%
NGPL Pipeco LLC	4.875%	08/15/2027	0.0%
CIT Group, Inc.	6.000%	04/01/2036	0.0%
Flavors Holdings	7.046%	04/03/2020	0.0%
Texas Capital Bank NA/Dallas TX	5.250%	01/31/2026	0.0%
Tonon Luxembourg S.A.	10.500%	05/14/2024	0.0%
Huntington Ingalls Industries, Inc.	5.000%	12/15/2021	0.0%
MGM Resorts International	7.750%	03/15/2022	0.0%
NRG Yield Operating LLC	5.375%	08/15/2024	0.0%
Hayward Acquisition Corp.	4.804%	07/18/2024	0.0%
Russell Investments	6.960%	06/01/2023	0.0%
Hudson Products	5.300%	03/15/2019	0.0%
Morgan Stanley Capital I Trust	5.510%	07/15/2056	0.0%
Commercial Metals Co.	4.875%	05/15/2023	0.0%
Oceaneering International, Inc.	4.650%	11/15/2024	0.0%
Templar Energy LLC	0.000%	-	0.0%
Delta 2 (Lux) S.a r.l (aka Formula One)	8.004%	07/29/2022	0.0%
Sealed Air Corp.	4.875%	12/01/2022	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Proofpoint, Inc.	1.250%	12/15/2018	0.0%
Tesoro Logistics L.P.	6.375%	05/01/2024	0.0%
Pike Corp.	9.240%	09/10/2024	0.0%
Templar Energy LLC	0.000%	-	0.0%
NGPL Pipeco LLC	4.375%	08/15/2022	0.0%
Fairway Group Acquisition Company	9.000%	01/03/2020	0.0%
Fairway Group Acquisition Company	10.000%	10/03/2021	0.0%
SM Energy Co.	5.625%	06/01/2025	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
Mirabela Nickel Ltd.	0.000%	-	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
Rack Holdings	8.476%	10/03/2022	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Penson Technologies LLC	0.000%	-	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
Afren plc	6.625%	12/09/2020	0.0%
Afren plc	11.500%	02/01/2016	0.0%
Afren plc	10.250%	04/08/2019	0.0%
US LONG BOND(CBT) SEP17	0.000%	09/29/2017	0.0%
US 10YR NOTE (CBT)SEP17	0.000%	09/29/2017	0.0%
US 2YR NOTE (CBT) SEP17	0.000%	10/04/2017	0.0%
US 5YR NOTE (CBT) SEP17	0.000%	10/04/2017	0.0%
US ULTRA BOND CBT SEP17	0.000%	09/29/2017	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
General Motors Co.	7.200%	01/15/2049	0.0%
Peabody Energy Corp.	10.000%	03/15/2022	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
Momentive Performance Escrow	0.000%	12/31/2049	0.0%
Parexel Intl Corp.	0.000%	03/19/2018	0.0%
Fairway Group Acquisition Company	0.000%	-	0.0%
FX USD/GBP 10/17	0.000%	10/19/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/JPY 10/17	0.000%	10/12/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	-0.1%

Sector Allocationas of 08/31/2017

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Basic Industry		0.8%
Insurance		0.2%
Utility		0.4%
Financial Services		0.3%
Technology & Electronics		0.1%
Energy		0.1%
Retail		1.0%
Media		0.2%
Healthcare		0.1%
Capital Goods		0.1%
Telecommunications		0.4%
Transportation		0.3%
Banking		0.4%
Leisure		0.5%
Consumer Goods		0.0%
Other		0.1%
Automotive		0.6%
Services		0.2%
Real Estate		0.1%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 09/22/2017: $0.293
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	08/31/2017	$0.03611	$7.68
Daily	Daily	07/31/2017	$0.03575	$7.72
Daily	Daily	06/30/2017	$0.03621	$7.65
Daily	Daily	05/31/2017	$0.03687	$7.68
Daily	Daily	04/30/2017	$0.03694	$7.67
Daily	Daily	03/31/2017	$0.03785	$7.61
Daily	Daily	02/28/2017	$0.03711	$7.67
Daily	Daily	01/31/2017	$0.03675	$7.60

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	09/30/2017
Daily	Daily	10/31/2017
Daily	Daily	11/30/2017
Daily	Daily	12/31/2017

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/18/2014	12/19/2014	$0.0899	$0.0792	$0.1691	$7.44

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/14/2017	12/15/2017

Fees & Expenses

Sales Charge Schedule as of 09/22/2017

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$7.90
$100,000 to $249,999	1.75%	1.50%	$7.86
$250,000 to $499,999	1.25%	1.00%	$7.82
$500,000 to $999,999	0.00%	1.00%	$7.72
$1,000,000 to $5,000,000	0.00%	1.00%	$7.72

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

Expense Ratioas of 08/31/2017

Expense ratio details, Click here.

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
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	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Capital Markets Presentation Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The BofA Merrill Lynch U.S. High Yield Master II Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofAML”), used with permission. BofAML PERMITS USE OF THE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD, ABBETT & CO. LLC., OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

AN OPPORTUNISTIC APPROACH

STRONG TRACK RECORD

Yield

Dividend Yield 1 as of 09/22/2017

30-Day Standardized Yield 2 as of 08/31/2017

Expense Ratioas of 08/31/2017

Fund Basicsas of 08/31/2017

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

RELATED CONTENT

Credit Quality Distribution as of 08/31/2017 View Portfolio

Investment Team

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Performance

Performance

Dividend Yield 1 as of 09/22/2017

30-Day Standardized Yield 2 as of 08/31/2017

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Growth of $10,000 as of 07/31/2017

NAV Historical Prices

Portfolio

Portfolio

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Using Your Email Address.

Dividend Yield ¹ as of 09/22/2017

30-Day Standardized Yield ² as of 08/31/2017

Dividend Yield ¹ as of 09/22/2017

30-Day Standardized Yield ² as of 08/31/2017